You're trolling right? I have $99,000 principal on the balance. If I paid off my mortgage right now with $99,000 assuming I had that type of liquid capital, I would save at least that much if not more in interest (I'm not going to bother calculating out the interest over the next 26 years at 4.5%.).

Vegan Bow Hunter

You're trolling right? I have $99,000 principal on the balance. If I paid off my mortgage right now with $99,000 assuming I had that type of liquid capital, I would save at least that much if not more in interest (I'm not going to bother calculating out the interest over the next 26 years at 4.5%.).

I gotta go with fly on this nukes - all your other consumer debt has got to be highter than that 4.5%. While your left eye is worried about 4.5%, your right eye is getting gouged out by VISA,etc. at 20+%. The maths say pay the CC first. YMMV

#Nuber

I gotta go with fly on this nukes - all your other consumer debt has got to be highter than that 4.5%. While your left eye is worried about 4.5%, your right eye is getting gouged out by VISA,etc. at 20+%. The maths say pay the CC first. YMMV

That's patently obvious. I wasn't saying I wasn't going to pay my credit card off first. So let's say I did have $99,000 right? I take the 2800 off the top first and I pay off the credit card and then I pay the remainder on the mortgage. Now I'm a few months away from being able to pay off the balance of the principal therefore negating the mortgage. At least now we're all on the same page?

Vegan Bow Hunter

That's patently obvious. I wasn't saying I wasn't going to pay my credit card off first. So let's say I did have $99,000 right? I take the 2800 off the top first and I pay off the credit card and then I pay the remainder on the mortgage. Now I'm a few months away from being able to pay off the balance of the principal therefore negating the mortgage. At least now we're all on the same page?

We are. I'll have to read in reverse.
Your idea to pay the remainder on the mortgage - I'd probably hold back $20k and put in bank/CD as a hedge against future CC payments, to knock them to zero month by month. And make the mortgage if incoming cash flow got bad. Hard to beat that 4.5% mortgage rate.

Osharts 11

You're trolling right? I have $99,000 principal on the balance. If I paid off my mortgage right now with $99,000 assuming I had that type of liquid capital, I would save at least that much if not more in interest (I'm not going to bother calculating out the interest over the next 26 years at 4.5%.).

Looking backwards over just about any 20+ year period, you'd end up with more than a 4.5% return in an index fund. Granted, you gain piece of mind paying off the mortgage, but it's almost never the best financial advice.